Plug Power (NASDAQ:PLUG) Stock Price Target Lowered at Susquehanna

Key Points

• Susquehanna cut its Plug Power price target from $1.75 to $1.50 while maintaining a neutral rating; the new target implies about 9% upside from the stock’s current price.
• Analyst views remain mixed, but MarketBeat’s consensus is Hold, with an average price target of $3.25. Ratings range from buy recommendations with targets as high as $7 to an underweight rating with a $1.20 target.
• Plug Power shares opened at $1.38, near their 52-week low of $1.30. The company’s latest reported quarter beat estimates for both earnings per share and revenue, though it continued to report substantial losses.

Plug Power (NASDAQ:PLUG - Get Free Report) had its price target dropped by equities research analysts at Susquehanna from $1.75 to $1.50 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the electronics maker's stock. Susquehanna's target price would indicate a potential upside of 9.09% from the stock's current price.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $2.00 price objective on shares of Plug Power in a research report on Tuesday. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of Plug Power in a research report on Tuesday. Wall Street Zen raised shares of Plug Power from a "strong sell" rating to a "sell" rating in a report on Saturday, October 17th. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.20 price target on shares of Plug Power in a report on Wednesday, October 14th. Finally, Roth Capital reiterated a "buy" rating and issued a $5.00 price target (up from $3.50) on shares of Plug Power in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Plug Power has a consensus rating of "Hold" and a consensus price target of $3.25.

Plug Power Stock Performance

NASDAQ:PLUG opened at $1.38 on Wednesday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -1.46 and a beta of 2.13. Plug Power has a 1 year low of $1.30 and a 1 year high of $4.33. The stock's 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $2.36. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 1.32.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its earnings results on Monday, August 10th. The electronics maker reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. Plug Power had a negative return on equity of 59.87% and a negative net margin of 153.68%. The firm had revenue of $178.30 million during the quarter, compared to the consensus estimate of $169.11 million. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Plug Power will post -0.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Plug Power news, insider Benjamin Haycraft sold 200,000 shares of Plug Power stock in a transaction on Friday, September 18th. The shares were sold at an average price of $2.14, for a total transaction of $428,000.00. Following the completion of the transaction, the insider directly owned 101,249 shares of the company's stock, valued at $216,672.86. The trade was a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 241,935 shares of company stock worth $509,397 over the last ninety days. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Plug Power

Several institutional investors have recently made changes to their positions in PLUG. Private Advisor Group LLC grew its holdings in Plug Power by 13.7% during the 3rd quarter. Private Advisor Group LLC now owns 179,202 shares of the electronics maker's stock valued at $348,000 after purchasing an additional 21,612 shares during the last quarter. Banco Santander S.A. boosted its position in shares of Plug Power by 75.3% during the third quarter. Banco Santander S.A. now owns 35,547 shares of the electronics maker's stock valued at $69,000 after buying an additional 15,273 shares during the period. HighTower Advisors LLC grew its stake in shares of Plug Power by 51.0% during the third quarter. HighTower Advisors LLC now owns 166,560 shares of the electronics maker's stock valued at $323,000 after buying an additional 56,274 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Plug Power by 72.7% during the third quarter. Moors & Cabot Inc. now owns 24,460 shares of the electronics maker's stock valued at $47,000 after buying an additional 10,300 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Plug Power by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 731,579 shares of the electronics maker's stock valued at $1,419,000 after buying an additional 21,109 shares during the last quarter. Institutional investors own 43.48% of the company's stock.

Trending Headlines about Plug Power

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Revenue reached about $201 million, Plug Power’s highest quarterly total of 2026 and above analyst expectations. Net cash usage fell to a record-low $28 million, while GenDrive deployments rose 110% year over year to 1,136 units. Q3 earnings call highlights
• Positive Sentiment: Management cited gross-margin improvement, reaffirmed its 15%–16% revenue-growth outlook and is targeting positive EBITDAS in Q4, with roughly $280 million in revenue forecast for the quarter. Data-center backup-power partnerships could provide another source of demand. Outlook and Q4 targets
• Negative Sentiment: The company reported a Q3 loss of $0.12 per share, wider than the $0.07 loss analysts expected. Persistent unprofitability and uncertainty about whether margin gains can translate into sustained earnings likely contributed to the negative reaction despite the revenue beat. Reaction to mixed Q3 results
• Negative Sentiment: Technical commentary also flagged a bearish chart pattern, suggesting some investors see scope for further weakness. Technical analysis

Plug Power Company Profile

Plug Power Inc. develops hydrogen fuel cell and hydrogen-generation solutions for businesses seeking alternatives to conventional power and fuel sources. Its offerings include fuel cell systems, electrolyzers that produce hydrogen, hydrogen storage and handling equipment, and related infrastructure and services. The company's products are used in applications such as material-handling equipment, including warehouse forklifts, as well as stationary power and other industrial and mobility uses. Plug also supplies hydrogen and supports customers with installation, maintenance, and fueling solutions.

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